The Official Story: Calls to the Transmission Games office and to the CEO, Mike Fegan, were not returned as of press time.

Bogus or Not Bogus?: A Transmission Games spokesperson has confirmed the reports are true.

[UPDATE]: GameSpot AU got in touch with Transmission Games, who confirmed that the studio has gone into voluntary liquidation. However, a Transmission Games spokesperon said the studio was not yet ready to make an official statement.